The GGPI stock registered a 3.73% drop today amid speculations that the dip is almost over and the stock might be resuming its bullish trend any time from now.
Despite the current drop, the stock has registered a 713% rise since mid-May this year.
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To help stock traders eying the GGPI stock, Invezz has created a brief article on the best places to buy it and what GGPI stock is.
To find out more, please continue reading.
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What is GGPI Stock?
GGPI stock is the stock of Gores Guggenheim Inc. and it trades on NASDAQ under the symbol NASDAQ: GGPI.
The Gores Guggenheim, Inc. is a blank check company; meaning it is a special purpose acquisition company that is sponsored by an affiliate of The Gores Group. Its sole purpose is to effect mergers, capital exchange, assets acquisition, stock purchase, or similar businesses with different companies.
Gores Guggenheim Company focuses on the services industry and consumer products.
Should I buy the NASDAQ: GGPI stock today?
If you are looking to invest in the stock dip, then the GGPI stock is a good choice given that it has registered a considerable gain between May and November before the current retracement.
GGPI stock price prediction
The current GGPI stock price pullback is believed to be short-lived and the stock price is expected to resume its bullish trend before the end of the month. Investors expect the Gores Guggenheim stock price to reach $14 before the end of the year.
$GGPI stock social media coverage
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